I was just advised of a multiple offer situation and was asked for my highest and best offer from Freddie Mac.I've read several accounts of how Freddie Mac allegedly operates (including one statement that they don't ask for highest best) and they all seem to conflict.I am fairly certain that my bid will be the highest on this one, but there are certain things that Freddie is doing that is causing me hangups.

A 30 year assumable note maturing in 2036 for 1.7 MM +/- is available as part of the financing package.Scheduled Gross Income$545,100Effective Gross Income$523,296Net Operating Income$236,250Asking price is $2.5 listed for nearly a year, investment "group" disolving

I am having a dilemma in finding a cash flowing property in Socal within resonable driving distance from my work..most everything is around 450k-500k for a 4 unit and being an owner operator in at least 1 (FHA guidelines) isn't going to net me cash flow...I have been getting very anxious because I fear I won't be able to acquire something that will be a good investment...

The master plan, which I'd love to get your opinion on, is to purchase the property, and immediately renovate the unfinished basement on both sides by adding a bedroom (to code w/ egress of course) and bathroom down there, as well as a finished family room, virtually doubling the square footage...it would actually be around 3100 finished square feet (1550 per side) total when complete.

Title companies I work with take virtually no risk, IMO.

That is virtually impossible to do consistently in stocks.

A neat little trick I learned from Ryan Webber.That said, Squeeze pages do have their place, especially if you're doing deals virtually out of your area.

Not sure what guru said you be an investor or operate in RE with no money, but they really lied, you do and will need money.

Since I grew up being around them more than half my life, I've seen a lot.Due to certain market conditions, cities, municipalities and counties operate differently from one another.

Make sure you understand every sentence in that Operating Agreement, best way to do that and devise a good one, for free, is to get with SCORE. :)